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150 SE 2nd Ave - Chase Bank Building

1,600 SF Office Condo Unit Offered at $745,000 in Miami, FL 33131

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Investment Highlights

Bay view
Lots of natural light

High-end design

Executive Summary

PREMIUM CLASS 'A' DOUBLE OFFICE IN THE STRATEGICALLY LOCATED CHASE BANK BUILDING, ENCOMPASSING 1323+ SF. HIGH-END DESIGN THROUGHOUT, THE SPACE ACCOMMODATES UP TO 15 EMPLOYEES, OFFERING TWO (2) PRIVATE OFFICES, TWO (2) LARGE WORKING AREAS/CONFERENCE ROOMS, 4 BAYS, KITCHEN & LOBBY LOUNGE. HOA INCLUDES DAILY CLEANING, ELECTRICITY & A/C. THE BUILDING, DESIGNED BY FAMOUS ARCHITECT MORRIS LAPIDUS, FEATURES ON-SITE MANAGEMENT AND PROVIDES VALET PARKING FOR GUESTS. IT HOUSES TOP-TIER SERVICE COMPANIES, INCLUDING FINANCIAL, LEGAL, ACCOUNTING & REAL ESTATE FIRMS. THE BUILDING HAS UNDERGONE AN EXTENSIVE RENOVATION, INCLUDING ALL COMMON AREAS. BEST LOCATION IN DOWNTOWN MIAMI, ACCROSS THE STREET FROM THE NEW WHOLEFOODS MARKET, SECOND TO NONE IN TERMS OF ACCESSIBILITY WITH TWO I-95 ENTRANCES.

Property Facts

Price	$745,000	Sale Type	Investment or Owner User
Unit Size	1,600 SF	Building Class	A
No. Units	1	Floors	14
Total Building Size	1,600 SF	Typical Floor Size	1 SF
Property Type	Office (Condo)	Year Built	1965
Property Subtype	Office/Residential OfficeLoft Creative Space	Lot Size	0.11 AC

Price	$745,000
Unit Size	1,600 SF
No. Units	1
Total Building Size	1,600 SF
Property Type	Office (Condo)
Property Subtype	Office/Residential OfficeLoft Creative Space
Sale Type	Investment or Owner User
Building Class	A
Floors	14
Typical Floor Size	1 SF
Year Built	1965
Lot Size	0.11 AC

1 Unit Available

Unit 901-902

Unit Size	1,600 SF	Sale Type	Investment or Owner User
Price	$745,000	Cap Rate	7.00%
Price Per SF	$465.63	NOI	$52,150
Condo Use	Office

Unit Size	1,600 SF
Price	$745,000
Price Per SF	$465.63
Condo Use	Office
Sale Type	Investment or Owner User
Cap Rate	7.00%
NOI	$52,150

Description

FOR INVESTOR LOOKING FOR 7% CAP RATE. OFFICE IS RENTED AS OF 10/03/2024 FOR 24 MONTHS. PREMIUM CLASS 'A' DOUBLE OFFICE IN THE STRATEGICALLY LOCATED CHASE BANK BUILDING, ENCOMPASSING 1600+ SF. OFFICE RENOVATED IN 2021, HIGH-END DESIGN THROUGHOUT. THE SPACE ACCOMMODATES UP TO 15 EMPLOYEES, OFFERING TWO (2) PRIVATE OFFICES, TWO (2) LARGE WORKING AREAS/CONFERENCE ROOMS, 4 BAYS, KITCHEN & LOBBY LOUNGE. HOA INCLUDES DAILY CLEANING, ELECTRICITY & A/C. THE BUILDING, DESIGNED BY FAMOUS ARCHITECT MORRIS LAPIDUS, FEATURES ON-SITE MANAGEMENT AND PROVIDES VALET PARKING FOR GUESTS. IT HOUSES TOP-TIER SERVICE COMPANIES, INCLUDING FINANCIAL, LEGAL, ACCOUNTING & REAL ESTATE FIRMS. THE BUILDING HAS UNDERGONE AN EXTENSIVE RENOVATION, INCLUDING ALL COMMON AREAS. BEST LOCATION IN DOWNTOWN MIAMI, ACROSS THE STREET FROM THE NEW WHOLEFOODS MARKET, SECOND TO NONE IN TERMS OF ACCESSIBILITY WITH TWO I-95 ENTRANCES.

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